{"nextPageNumber":3,"markup":"\n\n<div class=\"co__main\">\n\n    \n\n    <ul class=\"teaser-list teaser-type-default row row-cols-1 row-cols-sm-2 row-cols-md-2\">\n        \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n            \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n        \n\n        \n\n        <p class=\"publication-page-teaser__published\">\n            \n            \n\n            \n                <span class=\"publisher\">American Economic Review<\/span><br>\n            \n            <span class=\"published-date\">03\/2026<\/span>\n        <\/p>\n\n        \n            <p class=\"publication-page-teaser__meta\">\n                <span class=\"meta meta__category\">Journal Article<\/span>\n            <\/p>\n        \n    <\/div>\n\n    <h3 class=\"publication-page-teaser__headline h2\">\n        <a class=\"publication-page-teaser__page-link\" href=\"\/publications\/the-price-of-war-19321\/\">The Price of War<\/a>\n    <\/h3>\n\n    <div class=\"publication-page-teaser__info d-flex justify-content-between align-items-end\">\n        <p class=\"publication-page-teaser__author\">Federle, J., Meier, A., Müller, G.J., Mutschler, W., Schularick, M.<\/p>\n\n        \n\n    <\/div>\n<\/article>\n\n            <\/li>\n        \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n            \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n        \n\n        \n\n        <p class=\"publication-page-teaser__published\">\n            \n            \n                \n            \n\n            \n                <span class=\"publisher\">\n                    Kiel Working Papers\n                <\/span><br>\n            \n            <span class=\"published-date\">02\/2026<\/span>\n        <\/p>\n\n        \n            <p class=\"publication-page-teaser__meta\">\n                <span class=\"meta meta__category\">Working Paper<\/span>\n            <\/p>\n        \n    <\/div>\n\n    <h3 class=\"publication-page-teaser__headline h2\">\n        <a class=\"publication-page-teaser__page-link\" href=\"\/publications\/from-multiplicative-to-additive-growth-redefining-tfp-in-the-european-framework-19488\/\">From Multiplicative to Additive Growth: Redefining TFP in the European Framework<\/a>\n    <\/h3>\n\n    <div class=\"publication-page-teaser__info d-flex justify-content-between align-items-end\">\n        <p class=\"publication-page-teaser__author\">Boysen-Hogrefe, J., Hoffmann, T.<\/p>\n\n        \n            <a class=\"publication-page-teaser__pdf d-flex align-items-center\"\n               href=\"\/fileadmin\/Dateiverwaltung\/IfW-Publications\/fis-import\/51e34cbf-56b0-4e56-ad9c-160b23a762c6-KWP2311.pdf\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\">\n                    <path fill=\"#1C1B1F\"\n                          d=\"M6.5 8.666 3.792 5.958l.758-.785L5.96 6.58V2.166h1.083v4.415L8.45 5.173l.759.785L6.5 8.666Zm-3.25 2.167c-.298 0-.553-.106-.765-.318a1.043 1.043 0 0 1-.318-.765V8.125H3.25V9.75h6.5V8.125h1.084V9.75c0 .298-.106.553-.319.765a1.043 1.043 0 0 1-.765.318h-6.5Z\"\/>\n                <\/svg>\n                PDF\n            <\/a>\n        \n\n    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class=\"publication-page-teaser__meta\">\n                <span class=\"meta meta__category\">Working Paper<\/span>\n            <\/p>\n        \n    <\/div>\n\n    <h3 class=\"publication-page-teaser__headline h2\">\n        <a class=\"publication-page-teaser__page-link\" href=\"\/publications\/beyond-interest-rates-upfront-costs-and-housing-affordability-in-germany-19276\/\">Beyond Interest Rates: Upfront Costs and Housing Affordability in Germany<\/a>\n    <\/h3>\n\n    <div class=\"publication-page-teaser__info d-flex justify-content-between align-items-end\">\n        <p class=\"publication-page-teaser__author\">Amaral, F., Staratschek, G., Zdrzalek, J., Zetzmann, S.<\/p>\n\n        \n            <a class=\"publication-page-teaser__pdf d-flex align-items-center\"\n               href=\"\/fileadmin\/Dateiverwaltung\/IfW-Publications\/fis-import\/805d6ad6-6e55-4db7-a07e-5ea9e3fdadfe-KWP_2307.pdf\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\">\n                    <path fill=\"#1C1B1F\"\n                          d=\"M6.5 8.666 3.792 5.958l.758-.785L5.96 6.58V2.166h1.083v4.415L8.45 5.173l.759.785L6.5 8.666Zm-3.25 2.167c-.298 0-.553-.106-.765-.318a1.043 1.043 0 0 1-.318-.765V8.125H3.25V9.75h6.5V8.125h1.084V9.75c0 .298-.106.553-.319.765a1.043 1.043 0 0 1-.765.318h-6.5Z\"\/>\n                <\/svg>\n                PDF\n            <\/a>\n        \n\n    <\/div>\n<\/article>\n\n            <\/li>\n        \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n            \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n      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